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Origin Dollar ($OUSD) is currently one of the top stablecoins available today. The stablecoin is unique because it provides its holders with the opportunity to earn rewards just by holding $OUSD tokens in a wallet.
This article is an in-depth overview of the Origin Dollar ($OUSD) stablecoin. It also contains details on how to make use of the OUSD dApp and how users can earn up to 12.7% APY while using the dApp.
Looking for the best way to purchase $OUSD? Use the Dapp to get the best swap price. The OUSD Dapp checks costs of the swap on external exchanges as well as our vault contract and picks the best price for you!
Visit https://t.co/bui16EoPrG pic.twitter.com/tgA97LNrMr
— Origin Dollar (@OriginDollar) May 31, 2022
Before we move on let’s find out more about Origin Dollar ($OUSD).
What You Should Know About OUSD
Launched in 2020, OUSD is a unique stablecoin built atop the Ethereum chain. The stablecoin is unique in that it is able to generate yield while sitting in wallets. This yield requires no lock-up periods or staking. This is quite impressive and a reliable and risk-free way to earn passive income. The stablecoin has also been rightly described as a “better form of money.”
One major sphere of influence for Origin Dollar ($OUSD) is in the decentralized finance (DeFi) ecosystem. OUSD brings ease of transaction to the DeFi space with its OUSD dApp. Providing DeFi users with the ability to transfer or swap their tokens without having to pay gas fees.
Amidst the crisis of the TerraUSD (UST) ecosystem, OUSD is looking like the go-to stablecoin option for DeFi yield farmers. The stablecoin is actually pegged to other stablecoins like USDT, USDC, and DAI. This, essentially, means that OUSD is approximately equal to 1 USD in value.
Origin Dollar OUSD dApp
The Origin Dollar dApp simplifies the process of buying and selling the stablecoin. The dApp is designed to automatically route users’ transactions to provide them with the best rates possible.
Interested persons can also easily convert their already existing stablecoins (like USDT, USDC, etc.) to OUSD with the dApp. When buying OUSD, the dApp may sometime encourage users to purchase already existing OUSD instead of minting new stablecoin tokens. You can also purchase OUSD from centralized exchanges (CEXes) and decentralized exchanges (DEXes). Once OUSD lands in your wallet, it begins to accrue interest as high as 12.7% APY.
The first step to purchasing OUSD is to get an ERC-compatible wallet. The most popular wallet to use with OUSD is the MetaMask wallet. So, interested persons need to download, install, and set up a MetaMask wallet.
Some Top OUSD Features
Origin Dollar ($OUSD) boasts of some top core features. These features include its elastic supply, optional insurance, yield generation, staking, wrapped OUSD, etc.
1. Elastic Supply – OUSD is designed to strategically adjust its supply. This ensures its price remains constant at $1.
2. Staking – Depending on the lock-up period, OUSD holders can stake their stablecoins to earn rewards between 7.5% to 25% annual interest. These rates depend on the chosen lock-up period.
A lock-up period of 30 days has an interest rate of 7.5%.
90 days lock-up period has an interest rate of 12.5%.
Lastly, a lock-up period of 365 days has an interest rate of 25%.
3. Yield Generation – OUSD has an automated yield generation process. Providing its users with high yields with low risks. The stablecoin also generates yield with DeFi features like lending, rewards, and market-making.
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The post How to Get 12.7% APY Using Origin Dollar ($OUSD) appeared first on Altcoin Buzz.